Before starting anything just do a math practice set. Then find out twenty math problems related to this topic and write those on a paper. Solve first ten math problems according to basic math formula. You also need to keep track of timing. Write down the time taken by you to solve those questions. Now go through our page for selling price profit and loss shortcut trick. After finishing this do remaining questions using Selling Price Profit and Loss shortcut tricks. Again keep track of timing. You will surely see the improvement in your timing this time. But this is not all you want. You need more practice to improve your timing more.
Selling Price:
- When we bought some article or product from market. There is some price is written on product body. The shopkeeper sold that product item at desired price to the customer, is called its selling price, Which is denoted by SP.
- we can also say for customer, Selling price is an quantity or money which is spent on product and pay to a sells person exchange with product quantity.
- Some problems are give according with this selling price where cost price of a product is given and gain percent or loss percent also given you need to find selling price help of this values.
- Find selling Price Profit and Loss Shortcut tricks
Formula: S.P = (100+Gain%)/100 x C.P.
Example 1: We can find the Selling Price of article Using this above Formula
If C.P of a product is a Rs. 180, Gain = 30%, then Find the S.P.
Answer: S.P = ?
S.P = 130% of Rs. 180, Gain = ( 100+30 ) = 130, ( 130 / 100 x 180 ) = Rs. 234
So, Selling Price is Rs. 234
Shortcut Tricks
130/100 x 180 = 234.
- Formula: S.P = (100 – Loss%) / 100 x C.P
Example 2: If C.P of a product is a Rs. 180 , Loss = 30%, then Find the S.P.
Answer: S.P. = ?
S.P = 70% of Rs. 180, Loss = (100 – 30) = 70, ( 70/100 x 180 ) = Rs. 126
So the Selling Price is Rs. 126
Shortcut Tricks
70/100 x 180 = 126
Example 3:
Rajan bought a bike for Rs.60,000 and spent Rs. 4000 on repair and Rs. 1000 on transport and sold it with 25% profit. What price did he sell the car ?
Solution:
Cost price =Rs. 60,000 Spent on repair =Rs. 4000 transport =Rs. 1000 and profit 25%
So, Cost price =Rs.( 60,000 + 4000 + 1000 ) = Rs. 65,000
So, Selling price = Rs. 65,000 x 125 / 100 = 81250.
Example 4: Niraj sold an item for Rs. 8500/- and he got loss on this 15%, To gain 15% profit At what price should he sold the item ?
Solution : Cost price of item is = 8500 x 100 / 85 = 10000.
Selling price is 10000 x 115 / 100 = 11500.
Shortcut tricks: 8500 x 100 x 115 / 85 x 100 = 11500.
Example 5: Sushil purchase 25 candy’s for a rupee, how many must be he sold for a rupee that he gain 25% ?
Solution : If he wants to profit 15% then he should sell less number of candy.
Shortcut tricks: 100 x 25 / 125 = 20
If he sold 20 candy’s then he gain 25% profit.
Example 6: Raman sold his old bike for Rs. 18000/- and he got loss on this 25%, To gain 25% profit At what price should he sold the bike ?
Solution : Cost price of bike is 18000 x 100 / 75 = 24000.
Selling price is 24000 x 125 / 100 = 30000.
Shortcut tricks: 18000 x 100 x 125 / 75 x 100 = 30000.
Example 7: A Mobile price Rs 6500 was sold at a loss of 20%. Find the selling price of mobile.
Solution : Shortcut tricks: 6500 x 80 / 100 = 5200.
Selling price of mobile is 5200.
Example 8: Manoj bought 140 Kg of apple at Rs. 60/Kg. After that he spent Rs.100 on carrier, paid Rs.100 for packaging. He gain 6% on it, What would be the selling price per dozen ?
Solution : ( 140 x 60) + 100 + 100 = 8600.
8600 x 106 / 100 = 9116.
Selling price per dozen = 9116 / 140 = 65.114285714.
Example 9: A watch price Rs 1600 was sold at a profit of 16%. Find the selling price of mobile.
Solution : Shortcut tricks: 1600 x 116 / 100 = 1856.
Selling price of mobile is 1856.
Example 10: In a showroom list price of an item is 6500 and shopkeeper sell it at successive discount price of 15% and 10%, What would be its net selling price ?
Solution : Shortcut tricks: 6500 x 85 x 90 / 100 x 100 = 4972.5.
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